Tag: Australia

  • Chinese businessman Jack Ma reveals what China really wants from Australia

    Chinese businessman Jack Ma reveals what China really wants from Australia

    Alibaba chairman Jack Ma was the guest of honour at an opening ceremony for a regional headquaters of the Chinese e-commere company, in Melbourne on Saturday. “We succeed by helping others, by being helped by others. We succeed because we empower the small business,” Jack Ma told the audience.

    “So our vision in the next 20 years, we want to create 100 million jobs for the world and we want to serve two billion population of the world and we want to make 10 million small businesses profitable on our platform,” he added. He stressed that Alibaba had a global vision for its business, saying “we believe globalisation is the future.” The newly opened office in Melbourne will serve as Alibaba’s Australian and New Zealand headquarters.

    China’s second richest man, Jack Ma, who is the founder of online retail giant Alibaba, said at the opening of the first Australian and New Zealand branch of his company in Melbourne that Australia had something “unique” that China was willing to spend big bucks on.

    “Australia is a gold mine. The next gold mine,” Mr Ma said in Melbourne on Saturday.

    “The clean water, the soil and the air, this is what you have, the most unique asset.”

    With China’s pollution problem, there’s no question as to why China would want to suck up some of Australia’s environment.

    China’s “airpocalypse” has seen the country’s pollution hit toxic levels and a blanket of smog the size of Victoria covered Beijing at the end of last year.

    People are seeing this as an opportunity in Australia to export our air to China.

    Currently New Zealand uses Alibaba, basically the Chinese version of Amazon, to sell fresh air to Chinese consumers.

    Oxygen Air bottles the air in aerosol cans and sells them for about $25.

    In Australia, up to $1 million worth of air has been bottled and Alibaba could be another opportunity for air farmers to expand their business.

    Air is being bottled in the Blue Mountains, Bondi Beach and the Yarra Valley.

    Green and Clean company director John Dickinson told the Herald Sun there was a high demand from people in China and India, who hoped the fresh air might clear their lungs.

    “A lot of people see the product as a supplement to clean their lungs out with fresh Australian air,” he said.

    There are also a number of other Australian products high in demand on the Alibaba site. One of them belongs to Gold Coast woman Brynly King, who expanded her business in her garage — turning it into a multi-million dollar company.

    Banaban Virgin Coconut Oil products are now on the shelves in some department stores in China and a number of other countries, all because she started selling on Alibaba.

    Alibaba has become the world’s largest retailer since 1999 and debuted on the New York Stock Exchange in 2014, becoming the biggest IPO in history.

    Mr Ma went from a struggling schoolteacher to a man who is worth $43.6 billion and he said all it took was hard work and created his company to give small businesses the opportunity to put their products in front of consumers.

    Whether you’re a mum and dad making soaps in the garage or a millennial with an invention, Mr Ma aims to give people a place where they can sell, and gives people a chance to buy.

    Ma has a long interest in Australia, it started when he was a 15-year-old living in China, and he would hang around western hotels so he could practise his English with tourists.

    He met an Australian family from Newcastle and from there realised what the country had to offer, particularly in a business sense.

    Many Australian small businesses have put their products on Alibaba to sell to China, and made a motza, like Ms King.

    Mr Ma said China has been long known for making products but he said the country needed high quality products and service and didn’t think China today could produce that.

    He said China will work with other nations, like Australia, to move from manufacturing to domestic consumption.

    There have been concerns that Alibaba could accelerate globalisation, the process of countries integrating into one because of an interchange of world views, culture and products.

    Mr Ma doesn’t buy into that.

    “Globalisation does not create problems, it shares culture and should always be inclusive. It is the future,” he said.

    Australia is the fourth highest seller on Alibaba and Mr Ma believes the Australian office will connect more people to consumers in China and boost our exports.

    Alibaba accounts for 60 per cent of China’s sales and Australian shoppers would have most likely heard of Aliexpress, which is one of Alibaba’s market places that is English and rivals eBay.

    It sells everything from fast fashion, phone accessories and camping gear.

    Mr Ma believes the Australian branch of Alibaba will boost trades in both Australia and China.

    The Australian and New Zealand branch of Alibaba will be headed by Maggie Zhou, who was the 48th person employed at the company which now gives jobs to millions.

    Ms Zhou said she would introduce new Australian brands to the Alibaba platform.

    “A physical Alibaba headquarters is a key step in ensuring Australian businesses have the support and information they need to succeed in China and the rest of the world,” she said.

    “Longer term, Alibaba Group’s vision for the ANZ region is to build the entire operating infrastructure needed to enable local businesses to expand globally.”

  • Telstra launches Gigabit LTE in key CBDs

    Telstra launches Gigabit LTE in key CBDs

    Australia’s Telstra has launched the world’s first commercial Gigabit LTE network in the central business districts of key state capital cities.

    The operator’s LTE-A network in these CBDs has been upgraded to support 4X4 multiple input multiple output (MIMO), three carrier aggregation and 256 quadrature amplitude modulation (QAM) on the downlink.

    The network also supports 64QAM and two carrier aggregation on the uplink for a peak upload speed of 150Mbps.

    Telstra, Ericsson, Qualcomm and Netgear jointly developed the first Gigabit-class commercially ready LTE network and Gigabit-class mobile device in October.

    Netgear’s Gigabit LTE device, the Nighthawk M1, will launch in Australia late this month, which will allow customers to use the Gigabit LTE service. The Nighthawk M1 utilizes 4×4 MIMO to support 4-way receive diversity.

    “Gigabit LTE is also an important step on our journey to 5G and demonstrates Telstra’s commitment to delivering Australians a world class network now and into the future,” Telstra group managing director for networks Mike Wright said.

    “We are well placed to evolve our 4G network and are putting the building blocks in place for Australia to be ready for 5G – this will deliver more bandwidth and lower latencies which are critical for emerging applications such as downloading 4K video, IoT, autonomous vehicles, augmented reality and shared virtual reality.”

  • Qantas Launched Beijing Flight

    Qantas Launched Beijing Flight

    The new flight is operated daily with an Airbus A330-200. “It’s the perfect time for Qantas to fly to Beijing,” said Alan Joyce, CEO of Qantas. “The China-Australia Free Trade Agreement is hitting its stride and China is on track to become the number-one source of visitors to Australia within the next year or so. What’s really exciting is the potential we see for the future. We now have the Qantas Group’s biggest-ever network in Greater China, and our goal is to make our Beijing route a flagship corridor for tourism and trade.”

    The airline also flies to Hong Kong from Brisbane, Melbourne and Sydney, and to Shanghai from Sydney. It suspended flights to the Chinese capital in 2009.

    The schedule for the new flight is as follows.

    QF107

    SYD 13:50

    22:40 PEK

    QF108

    PEK 00:15

    14:55 SYD

  • Australian E-Commerce Looks to China for Global Growth

    Australian E-Commerce Looks to China for Global Growth

    Chemist Warehouse is geared up to target its online Chinese consumer market this weekend, by supporting the Melbourne Chinese New Year 2017 Festival with a Tai Chi Masterclass Series in Southbank, to celebrate the Year of the Rooster.

    In 2015, the pharmacy chain announced its plans to directly target the burgeoning demand for Australian complementary medicines in China, via its e-commerce website hosted on online retail giant Alibaba’s Tmall platform, projecting $88 million in sales in 2016 via the offering. in China.

    A part of Alibaba Group, Tmall Global is an e-commerce platform developed for international sellers to access Chinese consumers. China’s online shoppers interested in products from a specific country can go to an online country pavilion and access the country that way.

    The strong demand for high quality Australian products in China was one of the factors which drove Swisse and Blackmores to be one of the highest performing Australian brands during Alibaba’s 11.11 Singles Day last year, China’s largest e-commerce shopping event.

    The Pharmacy Guild of Australia, along with other Australian health and wellbeing suppliers, have been asked to attend China’s inaugural Health Product Expo in Qingdao in March this year, which is expected to attract over 60,000 visitors, 7,000 of which are industry buyers.

    Through online shopping, Australian products have found a lucrative channel into the economic powerhouse of China.

    Woolworths set up shop on Tmall Global a year ago, aiming to tap burgeoning Chinese consumer demand for Australian food and grocery products.

    Australia’s largest supermarket retailer engaged with Chinese e-commerce company eCargo Holdings, to build and manage a Woolworths store front the Tmall platform, selling rougly 80 products including Woolworths’ Select and Woolworths Gold milk powder, Swisse vitamins and Devondale milk powder.

    In April last year, one of our largest cosmetics online retailers Adore Beauty, backed by Woolworths (who have 25 percent stake in the company), announced its expansion into the Chinese market by selling its beauty products through Tmall.

    Adore Beauty’s Tmall offering features 50 products, including six popular Australian brands that are currently not available in China, namely Lanolips, Alpha-H, ELEVEN, asap, evo and Skinstitut.

    As off last year, cross border e-commerce in China now favours cosmetic imports, with the tax rate, if the purchase is above 100 yuan, now set at 32.9 percent, compared to 50 percent previously.

    Kate Morris, founder of Adore Beauty says the Chinese market is an exciting and huge prospect for the company, especially in light of China’s demand for our high quality Australian products.

    On a broader perspective, the company recently told us that 2017’s growth strategy is to expand its footprint globally, with China being an important part of that vision.

    Adore Beauty now offers thousands of products to more than 150 countries and territories via its Borderfree e-commerce platform.

    Which Australian products are most popular in China?

    According to Startrack, the most popular Australian product categories in the Chinese market are supplements, dairy, honey, food, skincare and cosmetics, maternity and baby products.

    Why sell to China?

    “China’s middle class is booming. And they want to buy Australian products. Aussie produce is considered clean, green, authentic – Australian retailers are already meeting this growing demand,” says Startrack. 

    According to the e-commerce and parcel delivery company, here are the six most important factors why China is such a great economic powerhouse for our e-commerce industry:

    • China’s middle class is booming
    • Chinese incomes are rising
    • Chinese consumers are shopping more than ever before
    • And most importantly, they want to buy Australian products

    Wine is another up and coming e-commerce market fro Australia to coin in on, in the Chinese market. According to a new report that came out yesterday from the Australian wine industry, our local wine exports are seeing major gains in the Asian market due to changes in our free trade agreement with China.

    If we go back three years, this time, Australia was losing major market share in the global wine industry, mainly to New Zealand and Chile. The reason being, these countries had a free trade agreement with China, but Australia did not.

    Things have changed, and with that has come rapid revolution of the Australian wine market. In 2016 the value of our wine market grew by 7 percent to $2.2 billion, driven by big increases in bottled wine. Exports to China grew by 19 percent to $ 875 million, which overtook the US as our most important wine export market.

    Online wine retailer Vinomofo looks set take advantage of this, with plans to launch into the Chinese market by 2018, which will follow its US launch planned for 2017.

    Following the success of their launch in New Zealand six month ago, the company launched in Singapore last month, which it says will help set it up for its big US expansion, and then China.

    “We’ll start in English, but we will then localise the content. We’ll have plenty of leanings from our Singapore launch, and learning how to operate in a different country. As a startup launching in a different country, we’re always aware that we have to assume that we’re pretty dumb and we have to learn hard about all these things,” Andre Eikmeier, Vinomofo’s co-founder and joint chief executive, told us at the Singapore launch.

  • Is big data losing steam in Australia?

    Is big data losing steam in Australia?

    The Australian big data and analytics market is forecast to grow from $244.1 million in 2015 to $585.1 million in 2019, according to IDC.

    Banking, retail and government sectors have made impressive strides into the analytics domain with an objective of driving market and competitive intelligence.

    While the numbers look attractive, big data adoption levels are yet to reach those of cloud and mobility. There is plenty of data and good intentions, but talent shortage continues to be a challenge which needs to be addressed.

    The assertion that Australia has always been an early adopter of technology is challenged when it comes to big data and analytics. While a few standout organizations are investing to build sophisticated data-science algorithms, many others are yet to categorize big data from technology fad to business advantage.

    Regardless of shape, size, structure and format, big data’s contribution to competitive differentiation for Australian businesses cannot be disputed. Social media and high device penetration present an enticing set of newer and richer data sources.

    To deliver results, scaled out architectural capabilities will be key, along investments to develop the skillsets, platforms and processes that are necessary to keep in pace with the rate at which data is created.

    “Undoubtedly, big data presents an opportunity for retailers to leverage customer data and buying patterns to maximize revenues,” said IDC industry analyst Jaideep Thyagarajan.

    “While lack of data standardization has inhibited big data investments in healthcare, legacy modernization efforts have paid off for the public sector and investments are picking up,” said Thyagarajan. “This enables the government to operate at a higher potential, thereby enhancing service delivery to citizens.”

  • Australian Online Retailers Need to be Extra Vigilant

    Australian Online Retailers Need to be Extra Vigilant

    Thirty-nine of the world’s top 250 retailers now operate in Australia, up two from last year. Australian retailers are warned to be extra vigilant, with international retailers set to enter our retail market further in 2017, according to Deloitte’s 2016 Global Powers of Retailing report.

    With 16 percent of the world’s top 250 retailers currently operating in Australia, coupled with a relatively stable economy, significant discretionary spend and strong consumer demand for international products and brands, we can expect further disruption in the Australian retail market with new entrants highly likely.

    “Australian retailers will need to be vigilant in ensuring they are differentiating themselves from their competitors by offering the right product range and mix and delivering a service, in-store and online, that meets their customers’ expectations,” said David White, partner and national leader of Deloitte’s retail, wholesale and distribution group.

    At present, the Australian market remains relatively unsaturated by the world’s largest retail brands compared to the US and European markets, according to White. “In the last quarter of 2015 we learnt South African retailer Steinhoff  had secured a deal with UK department store Debenhams to sell a selection of its private label apparel through its Harris Scarfe stores. And, in its first venture outside of South Africa, Mr Price has entered the Australian fast-fashion market, branded MRP, with two stores in Melbourne.”

    Whilst new global retailers look to Australian shores, those already here continue to expand their operations, including Sephora and US retailer Williams-Sonoma, both set to continue their store expansion programs in 2016.

    Amazon, ranked 12th, is the number one e-commerce retailer globally according to the report, followed by Apple, China’s largest B2C online retailer JD.com and Walmart in the US. All but six of the Top 50 online retailers are based in the US (26 companies in total) or Europe (18). The majority of the e-50 (39 companies) are omnichannel with bricks-and-mortar stores as well as online and other non-store operations.

    China to Enter Soon

    With nearly half of the 39 Top 250 global retailers which operate in Australia based in the US, one country conspicuous by its absence is China. Whilst China has nine retailers in the Top 250, none currently operate in Australia.

    “Many of the products we buy are manufactured in China, however unlike other sectors we have yet to see Chinese retailers entering the Australian market directly,” said White. “The growth in the middle classes in China is already prompting a surge in consumer demand and Chinese developed brands. It is only a matter of time before we see these emerging retailers expanding their businesses more globally, including Australia.

    Deloitte’s retail report also highlights the impact of technology on the digital divide between online retail and in-store, and evolving consumer expectations. “Some retailers may underestimate the digital influence, while others recognise the real opportunity to capitalise on this ‘digital divide.’”

     

  • T2 Singapore launches with kaya toast brew

    T2 Singapore launches with kaya toast brew

    For its first outlet in Asia, Australian tea chain T2 Singapore has launched with a new brew that pays homage to local breakfast staple kaya toast.

    Its Singapore Breakfast tea is a blend of pu’er (Chinese fermented tea), green tea, coconut flakes and roasted rice. It is among more than 150 types of teas at the new store, in the 313@Somerset mall.

    T2 CEO Nicky Sparshott says Singapore was picked for the company’s Asian debut because of its “strong tea-drinking culture with multicultural influences, from black tea dating back to the colonial period to Asian tea beverages such as teh tarik – Malay for pulled tea – and green tea”.

    Covering 550 sqft (51 sqm), the store offers myriad teas, from black, green and white to rooibos, and herbal and fruit-based tisanes.

    Bestsellers for the company include French Earl Grey, which has bergamot-infused black tea perfumed with rose and sunflower petals and hibiscus; Green Rose, green tea paired with mango, papaya and rose petals; and Fruitalicious tisane, a blend of cranberries, blueberries, dragon fruit and goji berries.

    t2-tea-c

    Singapore has been among T2’s top five markets in online sales over the past two years, and Sparshott hopes the country’s reputation as a tourism hub can expose the tea company to visitors in Asia.

    “Infinite possibilities”

    “Tea has moved from being a beverage for old people to having infinite possibilities … there is an appetite for new invention in teas,” she says.

    Like its more than 75 outlets in Australia, New Zealand, the UK and the US, the T2 shop in Singapore has black floor-to-ceiling shelves lined with brightly coloured tea boxes, tea pots, cups and accessories. Taking centre stage is an island brew bar with tea-making apparatus, where six types of hot and iced tea beverages are brewed daily for customers to sample.

    Sparshott says customers can also attend regular tea masterclasses and tea-blending sessions through the tea community group T2 Society, which is free to join.

    She says T2 intends to open another three or four outlets in Singapore in the coming year.

    Started in Melbourne in 1996, T2 was acquired by Unilever in 2013, which owns such tea brands as Lipton.

    Other tea boutiques in Singapore include the TWG Tea chain and The 1872 Clipper Tea Company, which opened a tea retail shop-cum-bar in Ion Orchard last April.

  • Vietnam set to send first workers to Australia, Thailand in 2017

    Vietnam set to send first workers to Australia, Thailand in 2017

    The country is focusing more on improving its workers’ skills to meet high demands from developed markets. Vietnam plans to send workers to Australia, Laos and Thailand for the first time this year in a bid to expand and improve its overseas labor force.

    Vietnam sent a record 126,000 workers overseas in 2016.

    Pham Viet Huong, the deputy director of the central Deparment of Overseas Labor, told that the plan is more about improving workers’s skills rather than increasing the number of them.

    The government has set a target of sending 105,000 workers abroad in 2017. Japan, South Korea and Taiwan will continue to be the core markets.

    Huong said the labor ministry is going to implement agreements that have been signed with Australia and Southeast Asian neighbors Laos and Thailand this year.

    The Vietnamese and Australian governments signed an agreement in March 2015 to provide up to 200 multiple entry visas to citizens of both countries per year and allow them to stay for 12 months for travel and work.

    Vietnam and Thailand signed an MoU on labor cooperation and a labor export agreement in July 2015 and a similar agreement was signed with Laos in January that same year.

    Huong said Vietnam has successfully increased the number of workers it sends abroad over the past three years.

    But a bigger goal is to meet the strict demands of overseas markets, especially developed countries where salaries and labor benefits are good, he said.

    He said labor exporters should invest more in training while local workers, notorious for their low productivity compared to others in the region, should also better prepare themselves with skills and language competence.

    “There’s a huge demand in many countries for workers with high professional skills. We should get ready with a good labor pool,” Huong said, as cited in the report.

    He said the ministry has built an action plan to improve local labor skills by 2020.

  • GPSengine align with Ulbotech to deliver tracking solutions

    GPSengine align with Ulbotech to deliver tracking solutions

    Ulbotech, long established as a key tracking device supplier in a number of market segments and GPSengine, a leading hosted platform service provider in GNSS, Telematics, IoT and Tracking, announced a new partnership to bring support for the Ulbotech range to GPSengine’s Platform Connect service.

    With a range of devices catering for the vehicle tracking markets, Ulbotech continues to bring new advanced trackers to market. With OBD tracking devices that support a wide range of satellite navigational systems and optional WIFI hotspot models, Ulbotech cater for a wide range of industry uses.

    The combination of Ulbotech’s tracking devices and the high availability and unique IoTs service offering that Platform Connect provides, allows customers to quickly build a product or service in the tracking space. Adding support of the Ulbotech range to the Platform Connect system, provides customers with more choice, and the opportunity to take advantage of the features available in the Ulbotech range.

  • Australian egg farmers have sent the first shipment of eggs to South Korea

    Australian egg farmers have sent the first shipment of eggs to South Korea

    Australian egg farmers have sent the first shipment of eggs to South Korea, to help ease a major shortage caused by an Avian influenza outbreak.

    Approximately 30 million birds have been culled to stem the spread of the disease, causing a shortfall of around 15 million dozen eggs each week.

    Prices of eggs and other poultry products have soared as a result, with retail egg prices rising by around 21.5 per cent to $2.50 (2,207 KRW) for 10 eggs.

    But at the farm gate, farmers have raised the price of eggs they are selling by 50 per cent to $1.75 (1,551 KRW).

    The outbreak is the first in seven months, caused by a highly contagious new strain, H5N6.

    Huge shipments of white eggs are already arriving from the USA, but Koreans have a preference for brown eggs, and that is where Australian farmers are stepping in.

    It is estimated around $20 million worth of eggs will be sent to South Korea, aided by a recently inked export agreement approved by South Korea, which permits the sale of Australian eggs.

    Industry body, the Australian Egg Corporation Limited managing director Rowan McMonnies said the urgency of the situation had help negotiations between the Australian Department of Agriculture and Water Resources and the South Korean government.

    “South Koreans are some of the biggest egg consumers in the world,” Mr McMonnies said.

    In comparison, Australians east around 227 eggs per person annually, the British consume 182 and South African eat 150 each per year.”

    All tariffs on imported eggs have been suspended until at least 30 June 2017.

    The first shipment of eggs left Australia by air last week, and further shipments will be sent by sea in the coming months.

    Mr McMonnies said the export of eggs to South Korea would not impact domestic supplies.

    “The Australian egg market is very large and Australian egg farmers are always seeking to balance supply and demand.

    “If anything this represents an opportunity for the expansion of the industry.”

  • AirAsia X enhances entertainment for Aussies

    AirAsia X enhances entertainment for Aussies

    Malaysian carrier AirAsia X has upgraded its in-flight entertainment option for Australian passengers.

    The new Xcite Inflight Entertainment tablet is a Huawei Mediapad 2, equipped with a 10.1″ HD widescreen display, Harman Kardon audio technology and headset.

    Guests travelling aboard AirAsia X (flight code D7) services to and from Australia can pre-book these devices for about $AU15 (RM49) or rent them on-board for about $18 (RM60).

    The new tablets support five languages (English, Bahasa Malaysia, Mandarin, Korean, Japanese) and the service is complimentary for all Premium Flatbed customers.

    AirAsia X CEO Benyamin Ismail says device content will be regularly updated with the latest Hollywood blockbusters, as well as other international and local movies.

    Currently Xcite is showing X-Men: Apocalypse, The Maze Runner, 21 Days Under the Sky, Storks, The Drop and more. However, no television shows or series are available on the devices at this point.

    There’s also plenty of music, games and magazines to read, plus passengers can shop while they fly, as the AirAsia BIG Duty Free catalogue is also included.

    Previously, the airline offered Samsung Galaxy Tab devices for rental on all its Australian flights.

    AirAsia X flies out of Sydney, Melbourne, the Gold Coast, Darwin and Perth.

    Xcite Inflight Entertainment will not be available on flights to/from Auckland, Jeddah and Kathmandu.

  • Telstra, Ericsson demo 10G intercontinental encryption

    Telstra, Ericsson demo 10G intercontinental encryption

    Australia’s Telstra and Ericsson have separately demonstrated secure end-to-end encryption over  10Gbps intercontinental link.

    The companies encrypted data in transit at 10Gbps between Los Angeles and Melbourne, Australia using Ciena’s ultra-low latency 10G wire-speed encryption technology.

    The companies said the trial demonstrates that data can be encrypted in transit – beyond the walls of a data center – at high speeds without any impact to performance.

    “The outcome of this test shows that data can now be encrypted while in transit across a long distance, while maintaining the speed and reliability our customers have come to expect from our international network,” Telstra executive director of international operations and services Darrin Webb said.

    “We will continue to work with Ericsson and Ciena to take this trial to the next level with a 100Gbps encryption test.”

    “This time last year Telstra and Ericsson achieved an encryption trial between Melbourne and Sydney. We have now extended the distance from Melbourne to Los Angeles with data in transit encryption at 10Gbps, which is the typical speed used today over these distances without encryption,” Ericsson head of customer unit Australia and New Zealand Emilio Romeo added.

    Ericsson and Telstra next plan to demonstrate 100Gbps encryption over the same intercontinental route in the first half of the year.

  • Vietnamese invest heavily in Australian cattle industry

    Vietnamese invest heavily in Australian cattle industry

    Meat and Livestock Australia (MLA) has unveiled that the first large-scale purchase of an Australian cattle ranch – for beef production – by a Vietnamese company has been made, in the Northern Territory, south of Katherine.

    The purchase of the US$13.6 million cattle ranch by An Vien Pastoral Holding and Agriculture Company is the first far-reaching Vietnamese agricultural investment in the land down under on record, says MLA.

    Per MLA, Pham Nhat Vu, chair of the An Vien Media Group holding company, was listed the official successful bidder of record for the purchase of the 200,000-hectare cattle ranch.

    The deal includes the purchase of 10,000 head of Brahman cattle.

    Commenting, an MLA spokesperson said: When you see high-net-wealth individuals and global corporations making beef investments in Australia, it shows confidence in the Australian beef industry and gives confidence that they believe the consumption of red meat globally is strong.

    Though An Vien did not initially respond to requests for comments on the deal by GlobalMeatNews, says MLA, it is widely speculated the impetus for the investment is that it is much easier for Vietnamese to invest in big ranches in Australia than procure the large amounts of land needed in the Southeast Asian country.

    It is a very complicated undertaking in Vietnam to get even a 100-hectare size plot of land, which is the bare minimum necessary to operate a large-scale ranching operation, says a local Vietnamese rancher.

    For comparison purposes, there are many cattle operations in Australia that cover thousands of hectares each, he says, adding that the move makes good strategic business sense.

    Even though Australian taxes are much higher compared to those in Vietnam, weather and market conditions are more favourable and even a comparatively small US$4 million investment could provide a solid rate of return.

    While Vietnam is better known for receiving foreign direct investment rather than providing it, in recent years, forward thinking Vietnamese companies have been looking to invest in numerous countries— from Laos to Russia, and Australia.

    A spokesperson for the Australian Trade and Investment Commission (Austrade) disclosed that in 2015, Vietnamese outward foreign direct investment into Australia was US$348 million, while Australian investment into Vietnam was an estimated US$1 billion.

    Vietnamese also are acquiring a growing taste for beef, and the An Vien Pastoral Holding and Agriculture Company might be targeting exports back to their home market.

    An Austrade spokesperson said there had been an exponential growth in the number of cattle exported by Australia to Vietnam over recent years, with a peak in 2015 of 360,000 head.

    He forecasts that 200,000-live head of cattle would be imported into Vietnam from Australia in calendar year 2017, in part fuelled by the lack of import tariffs from Australia to Vietnam.

    In addition, the Austrade spokesperson noted that the Vietnam government considers live cattle as a useful input that can have added value within Vietnam through slaughtering and processing.

    Beef consumption per capita per year in Vietnam, according to official sources, currently stands at 2.5 kilograms in a nation of an estimated 95 million people, which is expected to grow in coming years.

  • Vodafone Australia names new CBU director

    Vodafone Australia names new CBU director

    Vodafone Australia has promoted its director of sales, Ben McIntosh, to the newly created position of consumer business unit (CBU) director.

    Chief executive officer Iñaki Berroeta said the new position merges the existing sales director and marketing director roles, following a decision by chief marketing officer Loo Fun Chee to return to Malaysia for family.

    “This new unit will see sales and marketing activities come under one leader and one team, creating a streamlined structure and simple and seamless end-to-end processes” said Berroeta.

    “The consumer business unit will drive our ambition to deliver the very best product, service and experience for our customers. Ben will bring great energy, experience and market knowledge to the role.”

    He said Vodafone’s brand had seen improvements in its awareness since Chee took on the leadership role two years ago.

    “Amongst the successes under her leadership are the launch of innovative market leading products such as MyMix. We’ve also seen the Vodafone brand strengthen in the Australian market and a dramatic improvement in Net Promoter Score which shows our customers are increasingly happy with their Vodafone experience,” the executive commented.

    McIntosh joined Vodafone Australia in 2014 as director of sales after a 17-year career at consumer products retailer Harvey Norman as general manager for technology and entertainment retail.

    McIntosh will officially start in his new role as CBU director on January 30.

    Former Microsoft executive and AI expert joins Baidu

    Chinese search giant Baidu has hired former Microsoft executive Dr Qi Lu as its group president and chief operating officer, effective immediately.

    In this new role, Lu will be responsible for Baidu’s products, technology, sales, marketing and operations.

    Lu joins Baidu from Microsoft, where he served most recently as global executive vice president responsible for its Office business.  He joined Microsoft in 2009 as president of its online services group and was promoted to global EVP in 2013.

    Lu holds a PhD in computer science from Carnegie Mellon University and has over 40 US patents in his name.

    “Dr. Lu possesses a wealth of leadership and management experience, and is a leading authority in the area of artificial intelligence. I am confident that Dr. Lu will make major contributions to the overall strength of our management and technology,” Robin Li, Baidu’s chairman and group CEO, said in a statement.

    “To achieve our goals, especially in artificial intelligence, which is a key strategic focus for the next decade, we will need to continue attracting the best global talent. With Dr. Lu on board, we are confident that our strategy will be executed smoothly and Baidu will become a world-class technology company and global leader in AI,” Li added.

  • Telstra debuts assured availability on two APAC links

    Telstra debuts assured availability on two APAC links

    Australia’s Telstra will introduce assured availability on two of Asia-Pacific’s busiest subsea cable routes,  Hong Kong to Singapore and Japan to Hong Kong.

    The company announced its new Always On service guarantee at the Pacific Telecommunications Council (PTC) conference in Hawaii on Monday.

    Telstra will use its significant APAC cable network to guarantee connectivity in the event of a cable cut or damage due to natural disasters. Telstra’s subsea cable network accounts for up to 30% of active intra-regional capacity in Asia-Pacific.

    Customers will be guaranteed connectivity for their subscribed bandwidth over one primary path and two protection paths through different cable systems along the same routes.

    Telstra’s executive director of global sales Ellie Sweeney said subsea cable damage can take weeks – or in extreme cases months – to fix.

    “With Telstra’s Always On service guarantee, customers will be rerouted to a protection path within a matter of hours initially and with automation we expect to bring this down to a few minutes in the future,” she said.

    “Connectivity is vital to the modern economy, with many consumers and businesses now relying on being able to connect anywhere at any time. Meeting customers’ expectations can be difficult when it comes to international connectivity, with cables at risk of service disruptions due to cable cuts caused by boats, earthquakes and typhoons.”